QUOTE(kaitak @ Sep 25 2014, 09:53 AM)
is it true ha ..? poor you all :
Teknik syarikat developer manipulasi harga rumah diskaun unit Melayu Bumiputera.
1. Went to i Property Fair @ Subang Parade today. Interested with with one development overseeing the sea @ Tanjung Puteri developed by one chinese owned developer. They offer Bumi discount for bumi unit @ 15% and for non bumi discount @ 6%. Bunyi interesting tapi see the catch. Utk bumi discount, bumi buyer kena bayar 10% deposit upon signing SPA and bayr sendiri all cost (SPA legal fee, MOT stamp duty, Loan legal fee, Loan stamp duty etc) which sy calculate total to about $42k. Utk non bumi, buyer cuma perlu bayar 4% upon signing SPA and all cost absorb by the developer (i.e. the $42k cost will be absorbed by the developer). The unit is priced slightly above $1m for a unit sized approx. 700 sq ft.
2. They don't expect I do my own calculation... i.e. utk bumi to buy bumi unit, the entry cost would be 10% of the Bumi price (after discounted 15%) i.e. dalam $90k. Campur dgn kos2 yg developer tak cover dlm $42k, total entry cost for bumi to buy this development is about $135k.
3. Banding dgn non bumi, tjeir entry cost is just 4% of purchase price, i.e. approximate dlm $45k sahaja. All other cost absorbed by the developer.
4. Kalau dikira beza discount antara bumi price (15% discount) dgn non bumi price (6% discount) is around $104k. Tapi kalau bumi has to pay own cost & non bumicost absorbed, tu bermakna non bumi will enjoy additional benefit of $42k. Bermakna walau harga bumi murah by $104k, the real diffrence is only about $60k je. Utk discount sebanyak $60k, bumi buyer will have to pay aboun $135k sedangkan non bumi only have to pay dlm $45k sahaja.
5. Then this developer will apply to uplift bumi quota... alasan bumi unit takde buyer. Mcmana nak ada buyer kalau entry cost 3 kali lebih tinggi dari non bumi.
6. They look like they offer benefit to bumi, follow NEP, but in reality, they bypass it and make it less competitive for bumi to buy. Also bear in mind bumi unit usually less appreciate compared to non bumi unit.
7. Free2 jer dorang kene free lecture dari saya pasal entry cost, how to calculate costing, NEP, economy, current social and political scenario in Malaysia, etc. Told them to bring the matter up to their higher management before I bring it up to higher attention.
P/S: Maklumat ini diterima daripada agenx hartanah .
Hi kaitak - Thank you for sharing your experience. For the record, Tanjung Puteri is not developed by us and we did not participate in the Subang Parada iProperty Exhibition.
Nevertheless, we can share with you our thoughts on Bumi Discount.
At Bandar Tasik Puteri, we do not have 'Bumi Units', what we have are 'Bumi Quota'. This will not affect any secondary market transactions down the road. All incentives are also offered to both Bumi and Non-Bumi buyers (i.e. Free SPA, Loan Agreement, Stamping of Loan Agreement).
The difficulties many developers face is on how to apply the Bumiputra Discount. This problem has become more apparent in recent years as many developers chooses to give the discount to buyers in the form of rebates to make it ownership a little easier in terms of down payment.
Our view is that for any discount that is more than the Bumi Discount (say 7%), both the Bumi and Non-Bumi should enjoy the same discount and it is just a matter of how to reflect these discount. How a Bumiputra benefits is when the discount offered by the Developer is lower than 7% or 0-discount, Bumiputra buyers still enjoy the 7% Bumi Discount.
Ideally the entry cost should be the same for both Bumi and Non-Bumi as opposed to the case scenario you mentioned.
For example, if a developer is offering a 12% Early Bird Discount for a unit that is priced at RM500,000.
For Bumi Buyers:
RM500,000 less 7% Bumi Discount = RM 465,000 to be reflected in the SPA
The balance 5% will be rebated according to RM465,000 and credited to the purchaser. (Some developers credit it during SPA signing, some credit it upon vacant possession)
For Non-Bumi Buyers:
RM500,000 will be reflected in the SPA.
The 12% will be credited accordingly at say 5% during signing of SPA, 5% during Stage 2(a) and 2% during Stage 2(b).
Bumi purchasers can write in to Developers and ask for their 7% Bumi Discount to be given in the form of a rebate. This is to indemnify the Developer against any query by the State Government as the directives are not very clear on these.
For more information, please call our Sales Team at 603-6093 5188.
We hope the above helps.
This post has been edited by Low Yat Group: Sep 25 2014, 10:57 AM